Recently, I came across an interesting analysis: the ETH chart indicates a potential 25% rebound, but first, the support levels need to be confirmed. Honestly, this has attracted quite a bit of attention.

Currently, ETH is trading around $3,312.96, and the trend is in a consolidation phase. The RSI indicator is at 49.8, which suggests it might be gathering strength for a breakout. From a technical perspective, the entire market is waiting for a turning point, and ETH's well-developed Layer 2 ecosystem and ongoing technological iterations could potentially trigger this rebound.

Let's look at key levels: support at $3,246.70, resistance at $3,379.22, and a critical breakout point at $3,362.65. If the price can effectively break through this resistance, it could signal the start of a larger upward move.

From a trading perspective, my approach is as follows — currently, I have 30% of my position allocated. I plan to add another 20% once the price stabilizes above $3,362.65. For risk management, I set a stop-loss at the support level of $3,246.70, with profit targets above $4,000. Honestly, I have some expectations for this market move, but with so many variables, no one can predict it with certainty.

What are your thoughts on this market? Let’s discuss our ideas.